Latest from Banking and finance
Sharemarkets up on Fed lifeline hope
Wall St was up overnight as investors opted to rekindle optimism the US Federal Reserve will come up with new stimulus measures.
Lombard receivers likely to target third parties
The receivers for failed lender Lombard Finance & Investments is likely to make a claim against third parties as they seek to claw back funds for jilted investors, according to their latest report.
South Canterbury Finance liquidators appointed
Liquidators have today been appointed to eight companies within the South Canterbury Finance Group.
CEO Pay Survey: Salaries stall for NZ's top bosses
What are our top CEO's getting paid? Last year pay for NZ's bosses fell for the first time in eight years. See the full list here.
NZ dollar falls after hitting one-month high
The New Zealand dollar fell from a one-month high after Federal Reserve Chairmen Ben Bernanke failed to signal further quantitative easing for the US.
Bollard will hold OCR at 2.5pc- economist
The Reserve Bank will not lower the official cash rate below 2.5 per cent in its review next week, says Westpac chief economist Dominick Stephens.
NZ dollar rises on hopes of Spanish bailout
The dollar rose almost one US cent on optimism European policymakers will act to stimulate the region's economy and provide aid for Spanish banks.
Finance director given nine months' home detention
A former director of collapsed Five Star Consumer Finance has been sentenced to nine months' home detention and ordered to complete 100 hours' community work.
NZ dollar falls on G7 inaction
The New Zealand dollar fell after G7 leaders nations agreed to a coordinated response to Europe's deteriorating financial crisis, though gave no guidance on how to do so.
TSB cuts 2-year mortgage rate to 5.3pc
TSB has cut its two-year mortgage rate to 5.3 per cent from 5.5 per cent.